Wednesday, October 29, 2008

First REIT 3Q2008 DPU up to 1.92 cents per unit

First REIT's 3Q DPU rose by around 12%.  This quarter they will be paying a total of 1.92 cents per unit.

Gross Revenue has increased by 7.4%
Net Property Income has increased by 8%
Distributable Income has increased by 12.4%
Distribution per unit (for 3Q) has increased by 11.6%

At its current price, First REIT has a dividend yield of around 19%.

It's directors have also been buying in shares over the past few weeks and months.

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